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Registered number: 02453599
Towncross Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02453599
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 253,357 285,435
253,357 285,435
CURRENT ASSETS
Stocks 6 42,499 25,983
Debtors 7 330,351 349,682
Cash at bank and in hand 178,222 246,131
551,072 621,796
Creditors: Amounts Falling Due Within One Year 8 (50,853 ) (52,919 )
NET CURRENT ASSETS (LIABILITIES) 500,219 568,877
TOTAL ASSETS LESS CURRENT LIABILITIES 753,576 854,312
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,848 ) (22,097 )
NET ASSETS 737,728 832,215
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account 737,428 831,915
SHAREHOLDERS' FUNDS 737,728 832,215
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul King
Director
11/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Towncross Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02453599 . The registered office is 41b Beach Road, Littlehampton, West Sussex, BN17 5JA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost and in accordance with the property
Plant & Machinery 25% on cost and at varying rates on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2025: 8)
10 8
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 256,350
As at 31 March 2026 256,350
Amortisation
As at 1 April 2025 256,350
As at 31 March 2026 256,350
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 April 2025 306,021 516 1,208,721 21,376 1,536,634
Additions 2,500 - 1,635 - 4,135
As at 31 March 2026 308,521 516 1,210,356 21,376 1,540,769
Depreciation
As at 1 April 2025 86,312 516 1,142,995 21,376 1,251,199
Provided during the period 5,370 - 30,843 - 36,213
As at 31 March 2026 91,682 516 1,173,838 21,376 1,287,412
Net Book Value
As at 31 March 2026 216,839 - 36,518 - 253,357
As at 1 April 2025 219,709 - 65,726 - 285,435
6. Stocks
2026 2025
£ £
Stock 42,499 25,983
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 71,104 78,042
Other debtors 259,247 271,640
330,351 349,682
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 8,514 11,750
Other creditors 4,171 6,312
Taxation and social security 38,168 34,857
50,853 52,919
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 300 300
Page 5